Globe Life (NYSE:GL – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.06 by $0.43, Yahoo Finance reports. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Globe Life had a return on equity of 21.93% and a net margin of 18.47%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.71 EPS.
Globe Life Stock Down 3.9 %
Shares of NYSE:GL traded down $4.24 during trading on Friday, hitting $105.15. The company’s stock had a trading volume of 1,135,956 shares, compared to its average volume of 1,597,292. The company has a market capitalization of $9.47 billion, a PE ratio of 10.04 and a beta of 0.81. Globe Life has a fifty-two week low of $38.95 and a fifty-two week high of $132.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.05 and a current ratio of 0.05. The stock’s 50-day moving average price is $105.37 and its two-hundred day moving average price is $90.88.
Globe Life Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, October 4th. Globe Life’s payout ratio is 9.17%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Globe Life
Globe Life Company Profile
Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.
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